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From LIC Agent to Billionaire: Lachhman Das Mittal's Journey Founding Sonalika Tractors Post-Retirement
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From LIC Agent to Billionaire: Lachhman Das Mittal's Sonalika Tractors Empire at 95
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Moneycontrol
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02-04-2026, 09:51
From LIC Agent to Billionaire: Lachhman Das Mittal's Sonalika Tractors Empire at 95
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Lachhman Das Mittal, at 95, is India's oldest billionaire and founder of Sonalika Tractors.
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He worked as an LIC agent for 35 years, attempting a business venture in 1970 that led to bankruptcy.
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After retiring from LIC in 1990, he founded Sonalika Tractors in 1995 at the age of 64.
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Sonalika Tractors became India's third-largest tractor manufacturer, exporting to over 120 countries.
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Mittal's story exemplifies resilience, proving it's never too late to pursue entrepreneurial dreams.
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